Very usefull links


News links




Dow Jones

Oil price



Views and News





Bulk of Gov't grant expended on University of Guyana oil and gas programme




By Kaieter News

Petroleumworld 06 14 2018

A significant portion of the $100 M grant which the University of Guyana secured last year as part of Government's effort to help the institution establish an Oil and Gas programme, has been expended.

Last year, the Ministry of Natural Resources, the Geology and Mines Commission (GGMC) and the University of Guyana (UG) signed a Memorandum of Understanding (MOU) for a $100 million philanthropic education grant for the period 2017-2018.

The grant provided the University of Guyana's, Faculty of Technology with much-needed equipment for its geology labs, curriculum development, training, outreach, and field research, all linked to the emerging oil and gas sector.

It also provided specific allocations for all other faculties for student-centered enhancements at the university.

Speaking about the programme, Vice Chancellor of UG Professor Ivelaw Griffith explained that this is one of the university's most significant grants, with the GGMC.

Griffith said that it is an investment by the Government in the institution, in an area critical to the nation's economy.

He said that the project is a result of UG long-standing relationship with GGMC.

He highlighted the fact, that many of the commission's staff through scholarships has received their higher education at the institution. To date, 87% of the finances have been pumped into realising UG's oil and gas programme.

Some $55M was used for equipment and supplies to the Faculty of Technology's laboratories, pursued by the GGMC, Some $10 M was expended on training; some $16M was for infrastructural projects through UG.

| When Natural Resources Minister, Raphael Trotman, handed over the first tranche of the funds ($45M) to the Vice Chancellor last year, he noted the government views the initiative as an investment in education, and development.

The minister noted that the project is significant since “it represents a renewed and enhanced relationship with the Ministry and GGMC with the University of Guyana,” even as the oil and gas sector develops.

Additionally, Trotman said that similar efforts are also needed in the gold and diamond mining sectors as they will not be neglected in the period, post-2020 when oil production begins.


Twitter: @petroleumworld1

Hit your target - Advertise with Us

Story from Kaieter News
06 14 2018

We invite all our readers to share with us
their views and comments about this article.
Write to

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to:

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels


November 13 - 15, 2018.

Gubkin University, Moscow
SPE Student Chapter











Editor & Publisher:Elio Ohep/
Contact Email:

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.